Outcome of Meeting of the Board of Directors held on Saturday, 03rd May, 2025
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The Board of Directors of Swojas Foods Ltd (formerly Swojas Energy Foods Limited) met on May 3, 2025 and approved the audited standalone financial results for the quarter and financial year ended March 31, 2025, along with the auditor's report from M/s. Ramanand and Associates. For FY25, revenue from operations stood at Rs. 7,177.41 lakhs versus just Rs. 21.32 lakhs in FY24, while profit after tax jumped to Rs. 285.80 lakhs from Rs. 4.38 lakhs a year ago, and EPS came in at Rs. 0.92. For Q4 FY25 alone, revenue was Rs. 2,787.13 lakhs with a PAT of Rs. 53.70 lakhs, a sequential decline from Rs. 201.19 lakhs in Q3 FY25. The company declared it has zero outstanding loans or debt and no defaults, and the statutory auditors issued an unmodified (clean) opinion on the financial statements. The auditor flagged that the company's accounting software does not have an audit trail (edit log) feature for the audited period.
Strong year-on-year growth in both revenue and profits signals a major business scale-up, and a debt-free balance sheet with a clean audit is a positive for shareholders. However, the sharp sequential drop in Q4 profit and the absence of an audit trail in the company's accounting software are minor concerns worth monitoring.